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Happy Valley

Learn about the people, housing, costs and businesses in Happy Valley, New Mexico

Median Home$166,904
Median Rent$1,139/month
Population556
Leading IndustriesArts, Food & Hospitality · Healthcare · Manufacturing10% arts, food & hospitality
Home Value Growth⬆⬆+15.9% over 2 years
Retirees26% of residentsabove average nationally
Homeowners78% of occupied units
NotableHighly Educated27% bachelor's · 13% graduate · top 14% nationally
Happy Valley
NM

Frequently Asked Questions

What are today's mortgage rates in Happy Valley?

As of today, the 30-year fixed mortgage rate for Happy Valley is approximately 6.827% (6.861% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Happy Valley?

The median home value in Happy Valley is $167k. The median monthly rent is $1,139. Annual property taxes average $793. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Happy Valley?

Home values in Happy Valley have increased 15.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Happy Valley?

Based on a typical all-in ownership cost of $932/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Happy Valley is $62k/year.

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What industries drive the economy in Happy Valley?

The largest employment sectors in Happy Valley are public administration (24%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.